Biden to Feds: Figure Out This Crypto Thing, Stat

Joe Biden is dipping his toes into crypto. On Wednesday, the president signed a first-of-its-kind executive order outlining a path to regulation of cryptocurrencies and encouraging federal agencies to study the creation of a U.S. digital dollar on the blockchain. Bitcoin’s price surged in the glow of the president’s attention.
The order, titled “Ensuring Responsible Innovation in Digital Assets,” calls for a “whole-of-goverment” approach to analysing the risks